• China tensions hit bitcoin price
    Bitcoin,  Politics

    Markets Report: Bitcoin price down from two-week highs as China tensions spook markets

    A trip above $9,400 soon comes to an end as concerns mount over the impact of U.S.-China sparring on equities and safe havens

    Bitcoin was fighting to preserve gains after hitting $9,400 on July 22, as fresh macro tensions appeared to put strain on bulls. Stock markets, to which the cryptocurrency continues to show significant correlation, were wobbly amid fresh tensions between the U.S. and China. Uncertainty over the latest $1 trillion coronavirus stimulus package added to the sense of foreboding which saw markets shed value.

  • digital yuan rollout
    Cryptocurrencies,  Regulation,  Technology

    Digital yuan rollout widens China’s lead in virtual currencies and actual surveillance

    ‘Controllable anonymity’ is coming to ride sharing and food delivery apps

    A total of three big companies are now reported to be involved in testing the China's digital yuan rollout. Set to become the first major central bank digital currency, it will be tested by food delivery giant Meituan Dianping, ride-hailing firm Didi Chuxing and streaming video platform BiliBili in the experimental rollout of China’s Digital Currency Electronic Payment (DCEP) system.

  • Crypto must-reads
    Cryptocurrencies,  People,  Regulation

    Crypto Must-Reads for June 25, 2020

    These Are the Crypto Stories You Should Be Following: BTC still looking positive for Q2; China eating U.S.’s lunch on blockchain; is NY easing up for BitLicense’s 5th birthday; where was creator Satoshi Nakamoto for the first five minutes of Bitcoin’s life?

    The economy is doing Bitcoin no favors, with bad news and advancing COVID-19 pushing the still stock-market-aligned cryptocurrency within a few dollars of dropping below $9,000. Meanwhile, Ripple Executive Chairman Chris Larsen says China is winning the blockchain war. Researcher says Satoshi Nakamoto was AWOL from Bitcoin’s genesis block. New York is retreating ever-so-slightly from its super-strict BitLicense, making the prestigious but frequently fled crypto exchange qualification as it turns five.

  • Crypto funding shifting from US to China

    Go East: Crypto funding shifting from US to China, report says

    In 2015, just 2% of cryptocurrency and blockchain deals were for Chinese companies. Fast forward four years to 2019, and the figure soared to 22%

    In it Blockchain Report 2020, CBInsights said 51% of deals in the industry were for US-based companies four years ago, while only 2% was earmarked for Chinese businesses. According to the latest figures, China’s share of deals is 22% in 2019, while America’s share dwindled to just 31%.